We've not heard the last of the iconic words, "Hello, I'm Johnny Knoxville and Welcome to Jackass." At long last, Jackass 4 has been given the green light at Paramount Pictures. There has been much discussion over the past several years as to whether or not we've seen the last of Knoxville and the gang punishing one another with stunts and pranks for our amusement. Now, the studio has gotten serious as they've locked down a release date for the fourth installment of the franchise.

According to a new report, Jackass 4 is now set to hit theaters on March 5, 2021. Beyond that, there are precious few details to go on at this time. It's said that Johnny Knoxville will return, but it's not clear which of the other cast members would come back. Jackass 3D was released nearly a decade ago in 2010 and, as Knoxville has said in the past, he and the original cast are getting a bit old to do some of what they used to do. Knoxville had stated previously that they might treat a fourth movie as a chance to pass the torch to some new, younger guys who can carry on Jackass in the future.

RELATED: Jackass 4 Director Files Restraining Order Against Bam Margera After Alleged Death Threats

Steve-O has expressed his desire to return, and recently Chris Raab, aka Raab Himself, did as well. Unfortunately, original cast member Ryan Dunn passed away in 2011 and that seemed to mark a turning point for many involved. It's also worth mentioning that Bam Margera, one of the most notable cast members outside of Johnny Knoxville, has had issues with substance abuse over the past handful of years. So throwing him back into such a chaotic environment might not be in the cards. It's expected that director Jeff Tremaine and producer Spike Jonze, who co-created Jackass with Knoxville, will return.

Paramount had a lot of luck with Jackass in the past. They first brought the MTV series to the big screen in 2002 with Jackass: The Movie. Working from a budget of just $5 million, it grossed $79 million at the global box office, making it a big hit. Jackass: Number Two was an even bigger hit, taking in $85 million. 2010's Jackass 3D more than doubled that by taking in $171 million. Plus, Johnny Knoxville's Bad Grandpa, which was billed as a "Jackass Presents" feature, earned $160 million in 2013. Johnny Knoxville also gave us Action Point in 2018, which featured Jackass style stunts set against the narrative of a theme park closing down. It proved to be a big box office disappointment, and it resulted in Knoxville suffering the most injures he'd every gotten while shooting one single movie.

Point being, there's likely money to be made with Jackass 4. Every studio in town is fighting to compete in an increasingly volatile and unpredictable marketplace. As such, reliable, branded IP is valuable as ever right now. Paramount, at this point, doesn't have too many reliable franchises to pull from. Jackass started life on MTV, airing three seasons from 2000 to 2002 and spawned several spin-offs including Wildboyz and Viva La Bam. We'll be sure to keep you posted as any further details on the project are made available. This news comes to us via Deadline.